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Property profile & analytics
FOR LEASE
Garden apartment buildings

301 Converse Center St Converse, TX 78109

40,512 SF 9.42 ac lot Built 2007
Entity Owned 10-yr Hold Free & Clear
Property ID
US82-2616964
Property summary
AI-generated overview

This exceptional 0.6-acre commercial land parcel presents a unique build-to-suit opportunity in the thriving Converse, Texas market. Located at 301 Converse Center St, with frontage on South Seguin Road, this property boasts exceptional visibility and accessibility. The site is ideally situated amongst established retailers including O'Reilly Auto Parts, Family Dollar, McDonald's, Pizza Hut, Domino's Pizza, and a Shell Gas Station, ensuring high traffic volume – a daily count of 22,596 vehicles. The strong demographics further enhance the investment potential: within a 5-mile radius, the population exceeds 205,899, with a median household income of $81,648 and a median home value of $288,959. The property's commercial zoning allows for a diverse range of development possibilities, including the potential for a drive-thru. This presents a compelling opportunity for developers seeking a high-traffic location with strong surrounding businesses and a robust consumer base. The site's strategic location and favorable market conditions make it an ideal investment for those seeking to establish a new business or expand an existing one. This is a rare opportunity to capitalize on a prime location in a rapidly growing area. Don't miss out on this chance to build your vision in Converse, TX.

Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 2007
Total area 40,512 SF
Lot 9.42 ac (410,292 SF)
APN 05063-902-0020
UPID US82-2616964
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.57M
Blend (final) Blend
$1.29M
Owner & transaction history
CONVERSE PUBLIC FACILITY CORP
CONVERSE PUBLIC FACILITY CORP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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